Demand for hinged food containers will witness steady recovery in short-term, with an optimistic growth outlook in the long-run. Shifting consumer preference towards packaging materials with lightweight features is expected to drive the market. In addition, Growing popularity of packaging for fresh and chilled food as per the convenience of the consumers is expected to drive the need for hinged food containers.
What is Driving Demand for Hinged Food Containers Market?
The transforming customer lifestyle where the consumer desires the food stuff to continue to be fresh for a longer period is likely to generate demand for hinged food containers. Increasing long work duration by middle class population is expected to promote the scope of packaged mediums for keeping the food warm and fresh. The growing number of online deliveries are generating demand for the same.
Besides, another contributing factor to the growth of this segment is cost effectiveness. It has been observed that the average cost of plastic container is one-third of stainless steel-based product type.
Furthermore, technological advancements in terms of the development of lightweight plastics as rust-free alternatives to metals are projected to expand the customer’s base in the near future.
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New Product Development and E-commerce Channel Complementing the Market Sales
Hinged food containers market is primarily driven by the accelerated growth of global retail sector as these containers are being extensively preferred for various tertiary packaging solutions. Moreover, these containers are used tremendously for ready-to go packaged products to provide protection during shipping and transportation.
The global insulated food containers market size was valued at USD 1.8 billion in 2020. Growing popularity of insulated packaging for providing fresh and chilled food as per the convenience of the consumers is expected to remain a favorable factor for the market growth in the forecast period.
Moreover, growing social media influence among consumers is driving people to spend more on food and personal hygiene products. Large number of population in the corporate sector, schools, and colleges is creating significant demand in this region.
US and Canada Hinged Food Containers Market Outlook
The United States and Canada have considerable need for compostable items. Hence, pivoted cover compostable container market have high share market in north as well as Latin American nations.
Also, awareness concerning use of bio-degradable over plastic has actually enhanced throughout the world, the growth of hinged compostable container market is forecasted to grow fast.
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Europe Demand Outlook for Hinged Food Containers Market
Europe government have strict guidelines on the usage of plastic. Climbing consumer awareness towards usage of naturally degradable items is expected to more boost the pivoted hinged food container market in the region. Pivoted cover compostable container market has far better chances to expand.
In addition, the rapid growth of the e-commerce industry in the region creates lucrative market opportunities for producers to enter the market to gain a competitive market share, thus leading to product demand.
Who are the Key Manufacturers and Suppliers of Hinged Food Containers Market?
Some of the leading manufacturers and suppliers of sneaker deodorant market include
- Zojirushi America Corporation
- Carlisle Food Service Products
- Thermos L.L.C.
- Dart Container Corporation
- Stanley Black & DeckerInc.
- Hamilton Housewares Pvt. Ltd.
- Genpak LLC.
- Great Northern Corporation
- Reach Plastic Industrial
- lhzt Co.Ltd.
- Infocom Network Limited
- Styrotech Inc. among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
Hinged Food Containers Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
By Product Type
- Food Grade Plastic
- Microwave Safe
- Freezer Safe
- Easily Stackable
- Size & Volume
- Ice cream & Dairy Products
- Fast Food & Ready Meals
- Meat, seafood & poultry items
- Fruits & Vegetables
- Bakery & confectionery food items
- Frozen food
- Below US$ 0.25
- US$ 0.25 – US$ 0.50
- US$ 0.50 – US$ 0.75
- US$ 0.75 – US$ 1
By Sales Channel
- Convenience Stores
- Online Retailers
- Other Sales Channel
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
- North America
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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